The company aims to become the de-facto quality platform across agribusiness value chains for trading, procurement, grading, pricing, marketing, and traceability.

ET Bureau|

Updated: Apr 03, 2019, 12.50 PM IST

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Intello Labs provides an image-based solution, delivered through a smartphone app, which helps in bringing transparency and standardization to quality assessment.

PUNE: Agritech startup Intello Labs announced that it has raised a seed round of $2 million from Nexus Venture Partners and Omnivore. Intello Labs uses artificial intelligence tools including computer vision and deep learning, to build a platform for grading and quality monitoring of agricultural commodities.

Milan Sharma, CEO of Intello Labs, said, “This funding will help us strengthen our product and rapidly scale globally. We are excited to partner with the best possible combination of investors for us. Omnivore brings deep domain expertise and an incredible agribusiness network while Nexus brings unparalleled experience scaling Indian technology startups.”

Puneet Kumar, Vice President, Nexus Venture Partners, said, “Without the standardization and digitization of quality assessment of agricultural produce, e-Mandi and digital agriculture markets will remain a distant dream. Intello Labs is revolutionizing quality assessment and grading for agricultural produce, utilizing technology advancements in AI and ML. Digital quality assessment coupled with pricing algorithms can prove to be game changing for farmers, commodity traders and large corporates in the years to come.”

Intello Labs provides an image-based solution, delivered through a smartphone app, which helps in bringing transparency and standardization to quality assessment, reducing value risk and wastage in the agriculture supply chains. It has developed a ready-to-use solution for fruits, vegetables and spices. Intello’s AI can generate instantaneous quality metrics based on a photo taken on a basic smart phone.

Initially, the company plans to focus on large enterprise clients, before eventually switching to a Software-as-a-Service model to small businesses, traders, and farmers. Mark Kahn, Managing Partner of Omnivore, said, “Intello Labs will bring transparency and objectivity across agribusiness supply chains, helping farmers to capture the value they create.”

The company aims to become the de-facto quality platform across agribusiness value chains for trading, procurement, grading, pricing, marketing, and traceability. Intello Labs was founded in 2016 by Milan Sharma, Nishant Mishra, Himani Shah and Devendra Chandani.